Cantor Fitzgerald raised the firm’s price target on Amazon.com (AMZN) to $315 from $280 and keeps an Overweight rating on the shares. Amazon’s Q3 revenue and EBIT were 1% and 9% above Street estimates, and the high end of Q4 guidance came in above prior estimates on both the top and bottom lines, the analyst tells investors in a research note. The quarterly results should set up a path for outperformance into year-end, Cantor contends.
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